Smart Warehousing Market Summary

The global smart warehousing market size was USD 20.95 billion in 2022 and is projected to reach USD 57.97 billion by 2030, growing at a CAGR of 14.2% from 2023 to 2030. The expansion of this market is largely driven by the rising adoption of automation and robotics solutions, the rapid acceleration of the e-commerce industry, and the increasing importance of multi-channel distribution networks. These technologies enable warehouses to operate more efficiently, reduce errors, optimize inventory management, and meet the growing demand for faster and more accurate order fulfillment in a highly competitive global marketplace.

The exponential growth of e-commerce has been one of the most significant factors influencing the smart warehousing industry. According to Tidio, the number of online shoppers has surged to more than 2.14 billion, representing 27% of the global population of 7.9 billion. This dramatic rise in online purchasing highlights the critical need for advanced warehouse solutions capable of handling massive order volumes while ensuring speed and accuracy. As consumer expectations continue to evolve toward quicker deliveries and greater reliability, the adoption of smart warehousing solutions has become a strategic necessity for businesses seeking to strengthen their supply chain operations.

Key Market Trends & Insights

  • Regionally, North America dominated the global smart warehousing market in 2022, capturing a share of 31.8%. Strong adoption of automation technologies, coupled with the presence of established e-commerce giants and logistics providers, has positioned the region as a leader in the market.
  • The Asia Pacific market, on the other hand, is forecasted to grow at the fastest pace, with a projected CAGR of 15.2% during the forecast period. Factors such as expanding e-commerce penetration, rising urbanization, and substantial investments in logistics infrastructure across countries like China, India, and Japan are driving this growth.
  • Based on vertical, the transportation and logistics segment held the largest market share in 2022, accounting for 19.8% of overall revenue. The demand for efficient, technology-driven warehousing solutions in logistics operations continues to grow as global trade expands.
  • Meanwhile, the retail and e-commerce segment is expected to register the fastest CAGR of 15.4% over the forecast period, reflecting the direct impact of online shopping growth and the increasing complexity of omnichannel retail strategies.

Order a free sample PDF of the Smart Warehousing Market Intelligence Study, published by Grand View Research.

Market Size & Forecast

  • 2022 Market Size: USD 20.95 Billion
  • 2030 Projected Market Size: USD 57.97 Billion
  • CAGR (2023-2030): 14.2%
  • North America: Largest market in 2022
  • Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

The market is competitive and is characterized by the presence of various major market players. Some prominent players in the market include Honeywell International Inc., Siemens, Zebra Technologies Corporation, IBM Corporation, Oracle Corporation, SAP SE, KION Group AG, Cognex Corporation, ABB Ltd., Tecsys, Inc., Manhattan Associates, PSI Logistics, and Reply, among others. These players are adopting strategies such as new product launches, and partnerships and collaborations to gain a competitive edge. For instance, in January 2022, HAI ROBOTICS announced a strategic partnership with Voyatzoglou Systems, the leading intralogistics provider in Greece, to provide smart warehousing solutions in Greece and the Balkan region.

The collaboration leverages HAI ROBOTICS' expertise in Autonomous Case-handling Robotic (ACR) systems, particularly the HAIPICK ACR system, which has gained recognition globally for its flexible deployment and efficiency in optimizing warehouse storage. Furthermore, in November 2023, Tecsys Inc. announced the introduction of Elite WMS for Healthcare Distribution, a warehouse management system designed to facilitate efficient compliance with U.S. Food and Drug Administration (FDA) regulations, particularly those outlined by the Drug Supply Chain Security Act (DSCSA). As the industry's first system to locally maintain full inference data on the GS1 system of standards, it streamlines workflows. It ensures real-time compliance for wholesale pharmaceutical distributors and third-party logistics providers, offering a comprehensive solution for meeting DSCSA mandates.

Key Players

  • Honeywell International Inc.
  • Siemens
  • Zebra Technologies Corporation
  • IBM Corporation
  • Oracle Corporation
  • SAP SE
  • KION Group AG
  • Cognex Corporation
  • ABB Ltd.
  • Tecsys, Inc.
  • Manhattan Associates
  • PSI Logistics
  • Reply

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

Conclusion

The smart warehousing market is expanding rapidly, driven by e-commerce growth, technological innovation, and the need for more efficient supply chain operations. North America leads in market share, while Asia Pacific is projected to be the fastest-growing region due to rising digital commerce and infrastructure development. Transportation and logistics remain the largest vertical, while retail and e-commerce show the strongest growth trajectory. As businesses respond to increasing consumer demands for speed and accuracy, smart warehousing solutions will play an essential role in improving efficiency, reducing costs, and enabling companies to remain competitive in a fast-changing global economy.